The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-21
THE STATES FINANCES.
No Interests Will Be Seriously Affected by the
Failure to Make Appropriations.

When the deadlock occurred in the General
Assembly the Democrats made great TODD
about passing appropriation bills, with the
pectation of using the record for campaign ppr-
poses. 1t was also particularly the daily plea in
the chamber and the assertion of Democrats in
the House that the finances and interests of the
State would be wrecked if provision was not
made for -million-dollar loan. Before any
indication of an immediate stoppage of legisla-
ton occurred, the Democrats went around stab
bling the loan measure with the hope
of killing it. The next instant. however,
they would express a hvpocritcal anxiety
about anything that tended to delay it. They
left the Legislature with evil prophecy as to the
States credit, and within two weeks thereafter
the Governor, Auditor and Treasurer of the
State effected loan of $3.50, 900 at per cent
rate much lower than ever secured by any
other State. ''This loan," said one Of the
officers yesterday, Twill enable US to tide over
until the next General Assembly very nicely
The ordinary revenues will be sufficient to meet
all current claims. and cannot but regard the
failure to make q 1000, 900 loan as the best
| thing that could happen. It may have to be
done two years hence, but in the meantime no
material interest will be seriously affected"
/
GAS it is the current expenditures can be met
from the ordinary revenues. the State house can
| be completed and furnished, if not throughout
at least sufficiently for all present purposes out
| of the State house tax. and the three new insane
asylums will be finished. OF course, there can
| be no money to maintain the latter and as for
the Capitol. even if it comes to that point it is
| not necessary to remove the Offices thereto at
! once. Some that pressed for want of room
in the present location can, at least, have quar-
/ ters in the new building, but it will not damage
| the States interests to have them remain where
| they for another two years Purdue Uni
| verslty is cut out of appropriation, but the
! institution need not be closed. 1t has the stated
income of $4,000 from interest funds
| It is only in these instances that
/ the failure to make appropriations
becomes at all embarrassing. That word
| perhaps exaggerates the situation, for at tie
worst, delay, with Inconvenience that can be
| we'll borne, is caused. The interest on the State
/ debt will be paid and her ordinary financial
| affairs will go on without any trouble"
| "You will have to exercise economy?"
! mo doubt, and ia this see good in not being
| permitted to perfect large loan. The more
| money one has, the more is spent So il is gem
| orally with States. With 81 600 900 to draw on
we could indulge in flagree in furnishing the
/ Capitol and putting the new insane asylums in
operation. This will be saved. When the monu-
| ment commissioners are appointed there will be
resources from the soldiers association to per-
NIT carrying out the preliminary details of the
| work. The State will get along without any
financial disturbances"